German fund industry enjoys successful first half of 2015

Germany EuropeThe German fund industry recorded inflows of €109 billion in the first half of this year, compared to a total of €116 billion for the whole of 2014.

Equity-oriented balanced funds top the list of investors’ choice, recording fresh capital of €23.8 billion, thereby outperforming the full year 2014, which saw inflows of €22.7 billion.

 Spezialfonds and retail funds contributed just under €70 billion and approximately €43 billion, respectively, while assets under management grew by almost 8% to about €2.6 trillion.

The assets managed by fund companies in Spezialfonds total €1.3 trillion, while assets under management in retail funds stand at €877 billion and those held outside investment funds amount to €377 billion.

According to Bundesverband Investment und Asset Management (BVI), bond funds are the third-largest group, raising €8.4 billion net from the beginning of January to the end of June. Funds investing primarily in short-term Euro bonds (€2.8 billion), as well as funds with a focus on corporate bonds (€2.3 billion), experienced particularly strong demand.

Outside of the retail space, with combined assets totalling some €780 billion, insurance companies and retirement benefit schemes are the largest investor groups within the Spezialfonds segment, accounting for a share of just under 60 per cent.

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